Atc Foundation

Analysis

Atc Foundation is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in October 2004, 22 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Atc Foundation reported income of $139k and spending of $211k, spending 151% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $138k to $139k (+1.3%), an average of +0.3% a year. Over the whole period it spent 141% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Atc Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within NM. Charities of a similar size with the same main cause include Secure the Village ($139k), Asprs Foundation Inc ($139k) and Orinda Rotary Endowment ($139k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.5% of the total. At year end it held assets of $4.0m against liabilities of $3.1m, net assets of $937k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.